Alarmist tripe!
The loan is interest only until October 2019 at the earliest. In the Dodson is fired announcement Cheskin said the company has enough cash to get through 2018. There are covenants on the loan which could trigger an early payment, including "a certain minimal level of revenues". There would appear to be no covenant based on share price. AXP will likely be close to cash flow neutral by the end of 2018. Granted a capital raising is likely. The issue for the new management is to lower cash burn and drive sales.
Alarmist tripe! The loan is interest only until October 2019 at...
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